BRICs and Mortar

Reuters reports today that Brazil, Russia, India and China (#BRIC) are working on ways to contribute money rapidly to expand the effective funds of the International Monetary Fund. This once again demonstrates the new found strength of these emerging markets and it is a real turning of the tables to see these countries talking about enabling confidence boosting statements for the G20.

Friday Review: BRICking it

Of course in telecoms we know all about the staggering growth of these markets - indeed Mary Lennighan reported in July that developing markets would account for 40% of global telecom revenues in 2012.

It will be interesting to see if this latest move feeds back into any obvious impact on the telecoms industry, and hear the views of the speakers talking about emerging markets at Total Telecom World next month, including Luca Luciani, the CEO of TIM Brasil and Mehboob Chowdhury, CEO of Citycell.

The one thing that's certain is that these newcomers are now in the driving seat on the global stage...